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BCL Industries Limited (BCLIND) Fair Value & Analysis

Consumer Defensive · IN · Market cap ₹10.1B

BI BCL Industries Limited BCLIND · NSE
Price₹37.48
Fair Value₹81.80
Upside+118.3%
Quality53/100
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Healthy Growth
Thin margins · 4.1% net margin
Low debt · generates free cash flow
1.01% dividend yield
Mixed vs. peers (8/14)
Moderate moat 47/100
Evidence: High Range ₹56.73 – ₹102.25 Share as image

Fair value as of: Aug 2, 2026

From 26 valuation models · updated 11 days ago

Share price +0.9% over the past month.

A solid business, screening 118% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (₹56.73). The market is more pessimistic than our downside scenario.
  • Solid quality (53/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (₹56.73 to ₹102.25) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

₹82.26 ₹10.38 Fair Value ₹81.80 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 2, 2026.

How to read this chart

60‑month range ₹10.38 – ₹82.26 · fair‑value band ₹56.73 – ₹102.25 · the ₹37.48 price screens below the ₹81.80 fair value. Dashed = 300-day average. As of Aug 2, 2026.

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Analysis

BCL Industries Limited (BCLIND) currently trades at ₹37.48, while our model-based Fair Value estimate is ₹81.80, implying the stock looks roughly 118.3% undervalued today. The Quality Score stands at 53/100 (solid quality), in the Consumer Defensive sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, BCL Industries Limited generated revenue of ₹27.9B at a net margin of 4.1%. Revenue declined 19.5% year over year. It earns a return on equity of 14.2%. Net debt stands at ₹4.1B. Fundamentals as of Aug 2, 2026

Our scenario range runs from ₹56.73 (bear case) to ₹102.25 (bull case); at ₹37.48, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 23% below its 52-week high and 47% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at 6% fair-value upside, at 118%, BCLIND screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF ₹68.31 ₹128.86 ₹235.41 80
Residual Income ₹28.96 ₹35.87 ₹90.82 76
Rev-Margin DCF ₹59.46 ₹109.36 ₹176.54 74
All 26 models by family
DCF Models
FCF DCF ₹69.60 ₹137.91 ₹263.03 38
Owner Earnings ₹11.48 ₹26.04 ₹52.72 31
5Y Revenue Exit ₹59.46 ₹111.01 ₹182.60 39
5Y EBITDA Exit ₹70.30 ₹134.24 ₹216.71 41
5Y P/E Exit ₹58.29 ₹108.50 ₹167.44 38
10Y Revenue Exit ₹60.12 ₹111.20 ₹193.13 36
10Y EBITDA Exit ₹69.54 ₹128.59 ₹222.77 37
10Y P/E Exit ₹61.45 ₹109.32 ₹179.95 35
Earnings-Based
Graham-Dodd ₹26.49 ₹139.33 ₹192.84 54
Lynch FV ₹38.28 ₹54.69 ₹71.10 50
PEG = 1.0 ₹38.28 ₹54.69 ₹71.10 46
EPV ₹44.26 ₹52.35 ₹59.42 59
Dividend Discount
Gordon GGM ₹2.43 ₹5.06 ₹8.03 70
DDM Multi-Stage ₹2.43 ₹4.27 ₹5.31 61
Multiples
P/E Multiple ₹61.35 ₹81.80 ₹102.25 63
P/S Multiple ₹49.67 ₹66.22 ₹82.78 58
P/B Multiple ₹49.67 ₹66.22 ₹82.78 55
EV/EBIT ₹78.32 ₹105.86 ₹133.39 53
EV/EBITDA ₹75.66 ₹102.31 ₹128.95 54
EV/Revenue ₹54.68 ₹79.94 ₹105.21 43
Asset-Based
NCAV (Graham) ₹15.41 ₹20.65 ₹30.83 50
Growth DCF
Growth DCF ₹68.31 ₹128.86 ₹235.41 80
Rev-Margin DCF ₹59.46 ₹109.36 ₹176.54 74
Economic Profit
Residual Income ₹28.96 ₹35.87 ₹90.82 76
ROIC Compounder ₹50.62 ₹72.64 ₹100.60 72
Growth Earnings
Growth-Adj P/E ₹56.90 ₹81.29 ₹105.67 68

Widest divergence: DCF Models (₹111.01) versus Dividend Discount (₹4.27). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) ₹27.9B
Revenue growth (YoY) -19.5%
Net margin 4.1%
Return on equity 14.2%
Free cash flow ₹1.6B FY2026
P/E ratio 8.8
More key figures
Operating margin 7.7%
EPS (TTM) ₹3.90
Dividend yield 1.0%
EPS growth (YoY) -7.7%
Net debt ₹4.1B FY2026

Figures from reported company fundamentals · as of Aug 2, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 53/100

Of which business quality 55 · Market factors (momentum, volatility) 50

Profitability 60
Margins and returns on capital today
Quality Growth 54
Are margins and returns improving?
Cashflow 53
Earnings quality: real cash, not paper profit
Fin. Strength 64
Balance sheet, leverage, solvency risk
Investment 38
Disciplined investing over empire-building
Low Volatility 69
Calm price path (market factor)
Momentum 47
Price trend over the last 3–12 months (market factor)
52W Momentum 34
Distance to the 52-week high (market factor)
Net Issuance 52
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

BCL Industries Limited, an agro-processing and manufacturing company, engages in the edible oil, rice milling, grain-based distillery, and real estate businesses in India. The company operates through three segments: Oil & Vanaspati, Distillery, and Real Estate.

Full company description

BCL Industries Limited, an agro-processing and manufacturing company, engages in the edible oil, rice milling, grain-based distillery, and real estate businesses in India. The company operates through three segments: Oil & Vanaspati, Distillery, and Real Estate. It provides oil and vanaspati ghee, liquor, extra neutral alcohol and ethanol, and other products. The company also constructs residential houses. The company was incorporated in 1976 and is based in Chandigarh, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

BCL Industries Limited reported revenue of ₹29.0B in FY2026 versus ₹19.9B in FY2022, a compound +9.9%/yr. Reported net income was ₹1.1B in FY2026, compounding +7.9%/yr from FY2022.

Growth Quality 90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2026)
₹29.0B
Latest YoY
+3.1%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+16.9%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+15.3%
Avg. growth/yr (22Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+10.5%
Revenue +9.9%/yr
FY22 ₹19.9B
FY23 ₹18.2B
FY24 ₹21.3B
FY25 ₹28.2B
FY26 ₹29.0B
Net income +7.9%/yr
FY22 ₹848M
FY23 ₹663M
FY24 ₹903M
FY25 ₹950M
FY26 ₹1.1B
Character of growth · EPS growth decomposed (2015-2026) −4.9 % p.a.
Revenue per share −16.0 pp

of which total revenue +17.3 pp · buybacks/dilution −33.2 pp

EBIT margin +4.6 pp
Tax rate −0.4 pp
Residual (interest, one-offs) +6.9 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "BCL Industries Limited Fair Value". https://www.fairvalue-calculator.com/stock/BCLIND

Peer Group

Beverages - Wineries & Distilleries · 96 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 53 · Below median
Fair Value upside +118% · Top 25%
Return on equity (TTM) 14% · Top 25%
Return on assets 8% · Top 25%
Net margin (TTM) 4% · Below median
Operating margin (TTM) 8% · Below median
Revenue growth -20% · Bottom 25%
Dividend yield (TTM) 1.0% · Bottom 25%
Debt / equity 0.31× · Higher than median

Valuation Multiples vs Beverages - Wineries & Distilleries median · lower = cheaper

P/E (TTM) 8.8× · Cheaper than 75% of peers
P/B 1.11× · Cheaper than median
P/S (TTM) 0.36× · Cheaper than 75% of peers
P/FCF 0.1× · Cheaper than 75% of peers
EV/EBITDA 4.5× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 100 · sector 12
FUTURE 0 · sector 0
PAST 57 · sector 17
HEALTH 84 · sector 95
DIVIDEND 20 · sector 61

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

Alcohol

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Beverages - Wineries & Distilleries stocks, each showing price versus our Fair Value estimate (as of Aug 2, 2026).

Stock Price Fair Value vs Fair Value
Kweichow Moutai Co 600519 ¥1,251 ¥1,238 -1%
Diageo plc DEO $94.94 $73.29 -23%
Wuliangye Yibin Co 000858 ¥73.69 ¥48.44 -34%
Shanxi Xinghuacun Fen Wine Factory Co 600809 ¥110.50 ¥185.80 +68%
Pernod Ricard SA RI €65.24 €76.68 +18%
Luzhou Laojiao Co 000568 ¥83.12 ¥149.17 +79%
Brown-Forman Corporation BFA $26.60 $28.15 +6%
United Spirits Limited UNITDSPR ₹1,376 ₹440.56 -68%
Thai Beverage Public Company Y92 0.4450 SGD 0.6900 SGD +55%
Jiangsu Yanghe Distillery Co 002304 ¥38.08 ¥27.82 -27%

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Frequently asked questions

Is BCL Industries Limited (BCLIND) overvalued or undervalued?
As of Aug 2, 2026, our model estimates a fair value of ₹81.80 versus a price of ₹37.48, about +118% (undervalued).
What is the fair value of BCLIND?
Our model-based fair value for BCL Industries Limited is ₹81.80 (as of Aug 2, 2026), built from audited fundamentals. The current price is ₹37.48.
What is the quality score of BCLIND?
BCL Industries Limited has a Quality Score of 53/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of BCL Industries Limited (BCLIND)?
BCL Industries Limited reported trailing-twelve-month revenue of about ₹27.9B (latest available figure, as of Aug 2, 2026).
What is the net profit margin of BCLIND?
The net profit margin of BCL Industries Limited is about 4.1%, meaning it keeps roughly 4.1% of revenue as net income. Based on the latest reported figures.
Does BCL Industries Limited pay a dividend?
BCL Industries Limited currently shows a dividend yield of about 1.01% relative to its recent price (as of Aug 2, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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